Inside the very comfortable retirement waiting for Annastacia Palaszcuzk as the country’s second highest paid premier gives up her $427,000 job
Annastacia Palaszczuk is set to enjoy a very comfortable retirement after stepping down as Premier of Queensland.
Although she will have to give up her $427,561 salary, which was raised by four percent in July and was due to be raised by four and three percent over the next two years, she has a real estate portfolio worth more than $3 million, on which you can return. on the.
Ms Palaszczuk, premier since 2015, lives in a four-bedroom house in the leafy suburb of Seventeen Mile Rocks in Brisbane’s south-east.
The average property price in the suburb is around $900,000.
She also owns two investment properties with an area of more than 100 square meters. m on Main and Sunrise beaches in south-east Queensland.
Annastacia Palaszczuk is leaving politics with a property portfolio worth more than $3 million.
Ms Palaszczuk, who has been Premier since 2015, lives in a four-bedroom house in the leafy suburb of Seventeen Mile Rocks in Brisbane’s south-east (Ms Palaszczuk pictured with her partner Dr Reza Adib).
The Main Beach condo, which last sold for $705,000 in 2019, is on the eighth floor of the Liberty Pacific tower. and has a long north-facing balcony overlooking Main Beach Tourist Park and the ocean.
The average sale price in the suburb has risen to more than $1.1 million, while rents have jumped 16 per cent in a year to around $700 a week.
Ms Palaszczuk appears to have secured an even better deal with her Sunrise Beach unit, paying just $370,000 in 2012, compared with the average unit price grew to approximately $1 million.
The average rent is about $625 per week.
However, Ms Palaszczuk’s assets could be considered modest compared to her surgeon partner Reza Adib, who is chief executive of the Brisbane Obesity Clinic.
He owns a riverside mansion in the inner western suburb of Indooroopilly, which sold in 2010 for $6.25 million.
The iconic home is “inspired by the grandeur of traditional 14th-century Italian villas” and made from “the finest materials from around the world.”
“This luxurious, regal home is the absolute pinnacle of building construction and design,” the property’s marketing said when it was last sold.
“This is one of the first truly authentic Mediterranean style homes built in Brisbane. This expansive estate sits proudly on over half an acre of some of Brisbane’s most valuable riverfront land.”
Ms Palaszczuk and Dr Adib’s penchant for the finer things in life sparked unfavorable headlines when it emerged she missed a cabinet meeting because the couple were holidaying on a luxury yacht on Hamilton Island.
Ms Palaszczuk’s Main Beach apartment, which last sold for $705,000 in 2019, is on the eighth floor of the Liberty Pacific tower.
The prime minister also made two trips abroad this year, spending more than five weeks abroad.
Ms Palaszczuk said it was during her second two-week break in Italy that she began to consider political retirement.
Despite being a long-serving MP, Ms Palaszczuk missed out on the generous lifetime pension that previous generations of Queensland MPs received.
This benefit was phased out for all electeds after 2004, with Ms Palaszczuk entering Parliament in 2006, taking the seat represented by her father.
She will receive the same pension benefits as other Queensland government employees.
In terms of her future work, Ms Palaszczuk said she had nothing planned.
The Main Beach Apartment features a long balcony with panoramic ocean views.
“I don’t have a job,” she admitted when announcing her resignation.
“So come January – I’m also finishing up as an Inala member this month – but I think I’ll be promoting Queensland in some capacity.
“Look around, this state has a lot to offer. There are buildings everywhere, transport systems, we are doing something in Queensland. Honestly, our best days are ahead of us.
“I was most inspired by the people I met.”